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GumboPot
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Member since Mar 2009
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Dr. Steve Turley with a really good video that explains the FTX corruption.

8 minutes

During the due diligence part of the planned merger between the world largest crypto exchange Binance and FTX, the Binance due diligence team discovered that FTX had issued a bunch of its own crypto tokens that valued itself and sold them to one of FTX's biggest shareholders to artificially prop up their market value and make them appear as if they were liquid enough to be "THE" exchange outlet for crypto. In other words FTX basically fabricated equity. FTX created counterfeit money to cook the books to make FTX look more solvent.

Then Binance announce they were backing out of the planned merger deal, investors got nervous and made a run on their investments (by selling and getting the f' out). From there FTX was forced to admit they had no money to pay investors that wanted out.


From the due diligence of Binance it was revealed that FTX partnered with Ukraine and processed "donations" for the war effort just days after Biden pledge billions of dollars in US taxes for Ukraine back in March of this year. The cryptocurrency news site Coindex reported that Ukraine partnered with FTX and that FTX was converting crypto contributions to U.S. dollars to deposit in the Ukraine National Bank.

Dr Steve Turley has more details in the video however the collapse of FTX has revealed how FTX, Ukraine, Democrat Party and Biden are involved in laundering U.S. tax dollars. It was a pretty simple scheme:





Mac Power
Member since Jul 2019
413 posts

re: Dr. Steve Turley with a really good video that explains the FTX corruption.
I guess the part I'm confused about is how Ukraine routed US aid into FTX that then was backdoored to Dems and Rinos.

My understanding is that FTX set up its own Ukraine war relief fund and that was the money that moved back and forth between Ukraine and FTX. This was a different pot of money than US aid that went straight into Ukraine.


rds dc
Colorado Fan
Member since Jun 2008
18739 posts

re: Dr. Steve Turley with a really good video that explains the FTX corruption.
Will the DNC and associated PACs have to cough up the millions they received from FTX?


GumboPot
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Member since Mar 2009
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

I guess the part I'm confused about is how Ukraine routed US aid into FTX that then was backdoored to Dems and Rinos.



Congress gives billions to Ukraine.

Ukraine purchases the FTX fake crypto token (with a part of the billions sent to them by congress)

That money goes into Sam Bankman-Fried's hands.

Sam Bankman-Fried makes $40 million in campaign contributions to Democrats.





GumboPot
Georgetown Fan
Member since Mar 2009
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

Will the DNC and associated PACs have to cough up the millions they received from FTX?




The probability of this happening? 0.0


Mac Power
Member since Jul 2019
413 posts

re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

Ukraine purchases the FTX fake crypto token (with a part of the billions sent to them by congress)


Thanks. This was the part I was fuzzy on. That last story I read wasn't confirming this aspect of it. Do they have the amounts Ukraine sent FTX yet?


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SlowFlowPro
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

FTX created counterfeit money to cook the books to make FTX look more solvent.

Because they had to use actual money (Via customer deposits) to prop up Alameda Research. They created FTTs as the "collateral" to cover this transfer, which became exposed once FTT values crashed after Binance's head sold his FTT.

quote:

FTX partnered with Ukraine and processed "donations" for the war effort just days after Biden pledge billions of dollars in US taxes for Ukraine back in March of this year.

Yes and the 2 have nothing to do with each other. The scale alone doesn't work. The charity handed like $100M max. You're still missing 80-90% of the money FTX moved to Alameda.


SlowFlowPro
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

My understanding is that FTX set up its own Ukraine war relief fund and that was the money that moved back and forth between Ukraine and FTX. This was a different pot of money than US aid that went straight into Ukraine.

Correct, and a much smaller amount than what's at issue.


SlowFlowPro
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

Ukraine purchases the FTX fake crypto token (

No evidence of this, and this has nothing to do with the charity. That's the whole problem with this CT.


Revelator
Member since Nov 2008
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

FTX created counterfeit money to cook the books to make FTX look more solvent.



This is exactly what our Federal government does!


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Metry
Member since Oct 2013
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
Please let this come to fruition..
This post was edited on 11/17 at 10:51 am


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GumboPot
Georgetown Fan
Member since Mar 2009
105350 posts
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

Correct, and a much smaller amount than what's at issue.



Oh. What a relief. Only a little bit of corruption.


GumboPot
Georgetown Fan
Member since Mar 2009
105350 posts
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

This is exactly what our Federal government does!



Why yes. But they make the laws and have the guns.


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30
SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
399416 posts
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

Oh. What a relief. Only a little bit of corruption.

It's not corruption. These amounts have documentation and accounting, too.

If Ukraine "invested in FTX", it was outside of the charity. Therefore, if you use the charity as some link, you're using the wrong example. The question is why they keep trying to make this illogical connection?

I'm just showing that the "charity" angle is just used by people trying to manufacture a CT. It has nothing to do with the alleged scheme and is a data point showing a link between Ukraine and FTX, so it's being repeated in the echo chamber.


cwill
Member since Jan 2005
51627 posts

re: Dr. Steve Turley with a really good video that explains the FTX corruption.
Ftx had nothing to do with us gov aid. As stated in plain English in the op, ftx set up a mechanism to allow regular people to make crypto donations to Ukraine. The crypto would be converted to fiat and deposited in the Ukraine account. People are trying to cram square data points into round holes. FTX was a massive fraud (basically all crypto is fraud), SBF is going to jail.


GumboPot
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Member since Mar 2009
105350 posts
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

SBF is going to jail.



Bahamian jail or U.S.?


cwill
Member since Jan 2005
51627 posts

re: Dr. Steve Turley with a really good video that explains the FTX corruption.
That boy is coming home.


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Y.A. Tittle
LSU Fan
Member since Sep 2003
95361 posts
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

As stated in plain English in the op, ftx set up a mechanism to allow regular people to make crypto donations to Ukraine.


Were people really doing this - as in we are talking significant sums of money?

That's nuts to me.


SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
399416 posts
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re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

People are trying to cram square data points into round holes




cwill
Member since Jan 2005
51627 posts

re: Dr. Steve Turley with a really good video that explains the FTX corruption.
quote:

Were people really doing this - as in we are talking significant sums of money?


I have no idea the amounts, but do you think it’s really odd that out of millions of people some (Ukraine flag fliers for example) would want to donate to the war effort itself or aid to the displaced?


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